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3 years ago

What is the future value of $450 at an interest rate of 15 percent one year from today?

Business

1 answer:

gladu [14]3 years ago

3 0

Answer:

$517.50

Explanation:

we have to use the future value formula:

future value = present value x (1 + interest rate)ⁿ

present value = $450
interest rate = 15%
n = 1 year

future value = $450 x (1 + 15%) = $450 x 1.15 = $517.50

The basic premise of finances is that the value of money changes over time, i.e. one dollar today is worth more than one dollar tomorrow. That is because the money yo have today can be invested and it can interest, therefore, it will be worth more in the future.

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MC Qu. 116 CWN Company uses a job order costing... CWN Company uses a job order costing system and last period incurred $90,000

ANTONII [103]

Answer:

65%

Explanation:

Calculation to determine its predetermined overhead rate for the next period should be:

Using this formula

OH rate = Estimated overhead next period/direct labor

Let plug in the formula

OH rate = $65,000/$100,000

OH rate = 65%

Therefore If CWN bases applied overhead on direct labor cost, its predetermined overhead rate for the next period should be: 65%

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3 years ago

At the beginning of the year (January 1), Buffalo Drilling has $12,000 of common stock outstanding and retained earnings of $7,1

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Answer:

Statement of stockholders' equity

at the end of the year (December 31)

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End of the year Balance $18,900 $12,400 $31300

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3 years ago

An unfavorable materials quantity variance indicates that: select one:

Verizon [17]

c. actual usage of material exceeds the standard material allowed for output.

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3 years ago

Help! Select the qualification that is best demonstrated in each example.

MA_775_DIABLO [31]

1. Leadership skills
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3 years ago

Read 2 more answers

Sunland Companybudgeted manufacturing costs for 60000 tons of steel are: Fixed manufacturing costs $50000 per month Variable man

taurus [48]

Answer:

$710,000

Explanation:

A flexible budget is a type of budget that changes in relative to the volume of output

Workings

Monthly Fixed manufacturing cost - $50,000

Variable cost /Ton - $12

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Variable cost of production in March - $(12*55000) = $660,000

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2 years ago